Youdao (NYSE:DAO) Stock Price Down 6.9% – Here’s What Happened

Youdao, Inc. Unsponsored ADR (NYSE:DAO) shares dropped 6.9% during trading on Friday . The stock traded as low as $11.00 and last traded at $10.9270. Approximately 7,562 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 88,915 shares. The stock had previously closed at $11.74.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DAO. Wall Street Zen raised Youdao from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Citigroup raised Youdao from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Youdao Trading Down 8.4%

The company has a 50-day moving average of $10.27 and a 200-day moving average of $10.24. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 82.72 and a beta of 0.57.

Youdao (NYSE:DAO) last announced its earnings results on Thursday, February 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Youdao had a negative return on equity of 6.41% and a net margin of 1.81%.The company had revenue of $223.64 million for the quarter, compared to analyst estimates of $211.46 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio grew its position in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Youdao Company Profile

Youdao, Inc (NYSE: DAO), established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations.

At the core of Youdao’s offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.